The crypto world is getting ready for a big event this week. Over the next seven days, major crypto token unlocks will take place, which could cause the crypto market to become even more volatile.
Tokenomist says that between March 18 and 24, a little more than $428 million worth of tokens will be released into the crypto space. The news could shake things up for traders, as such releases often bring price changes.
A mix of cliff unlocks and linear releases has been planned by Tokenomist for the next token releases. While linear unlocks will progressively distribute throughout the week, cliff unlocks will involve significant one-time token releases.
Polyhedra Network (ZKJ) is set to release 15.53 million ZKJ tokens on March 19 at midnight UTC. This amount is roughly 25.72% of its circulating supply. It will be the biggest token unlock.
Fasttoken will release 20 million FTN tokens worth $79.8 million, making up 4.6% of its total supply. On the same day, QuantixAI’s QAI tokens worth about $41.71 million will be released.
The ‘Metars Genesis’ project will release 10 million MRS tokens, which are valued at nearly $100 million. The Mantra project will unlock 5 million OM tokens, which are worth $34.5 million, and the Melania Meme project will unlock 26.25 million tokens, which are worth $17.9 million.
Meanwhile, major projects like Solana, Worldcoin, Celestia, Mantra, and Dogecoin will get large linear unlocks. These will release $8.58 million, $4.55 million, $3.4 million, $2.61 million, and $2.38 million worth of tokens daily.
Crypto Token Unlocks: What They Mean for Prices
These unlocks help control the flow of new tokens into circulation, which stops early investors or project teams from selling off huge amounts. However, the process often puts short-term pressure on prices.
A known crypto news website reported that Solana (SOL) fell 9% to its lowest level since the middle of October. The decline happened because investors sold their holdings before March 1, as 11.2 million SOL from the FTX bankruptcy estate was unlocked. OM was up 4.7%, which was against the trend, while SOL was down 6%. TIA, WLD, and DOGE were also going down.
Market Jitters Add More Uncertainty To Token Prices
The upcoming token unlocks coincide with the period of broader market fluctuations already in effect. Escalating US-China trade tensions, which are driven by Trump’s most recent tariffs, have sparked concerns about a global slowdown and made investors more cautious of volatile assets like cryptocurrency.
To make things even less certain, the Federal Reserve is raising interest rates because it is worried about inflation.
The total crypto market capitalization had declined by over 3% to $2.81 trillion in the past 24 hours.
This week will be crucial for the crypto market, but at the same time, global issues like US-China tensions and high interest rates are adding extra uncertainty. Traders should monitor these factors closely to make informed investment decisions.
